Cambridge Savings Bank

This is a financial institution offering SBA loan programs designed to support small business growth. You can find assistance with SBA 7(a) loans, expert advice, and personalized service to help you secure funding for your business needs.

It's recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-ins may be accommodated depending on availability. Contact the bank in advance for the best experience.

Typically, the bank operates from 9:00 AM to 5:00 PM, Monday through Friday. Hours may vary on holidays or special occasions, so it's best to confirm before visiting.

There are no fees to access basic consultation services, but loan application and processing fees may apply depending on the loan terms. Always review fee details during your application process.

This service is open to small business owners and entrepreneurs who meet the eligibility criteria for SBA loans, regardless of residency, as long as they operate within the bank's lending region.

A minimum personal credit score of around 650 is generally preferred, but higher scores can improve approval chances. The bank considers overall creditworthiness and business stability.

The underwriting process typically takes between 30 to 60 days, depending on the complexity of the loan and completeness of the application. Early preparation can help expedite approval.

Most banks keep weekday business hours and are closed on weekends, and Cambridge Savings Bank typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Cambridge Savings Bank to confirm current weekend availability before you go.

Cambridge Savings Bank is located in Massachusetts — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for Cambridge Savings Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Cambridge Savings Bank itself, which runs its own lending under its own ownership. If you work at Cambridge Savings Bank, you can claim this listing from this page to manage it.

The core details for Cambridge Savings Bank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Cambridge Savings Bank before applying. If you represent Cambridge Savings Bank, claim this listing to keep its information up to date.

Cambridge Savings Bank can be reached at (617) 441-4154, email info@cambridgesavings.com, or through their online contact form. For SBA loans, please confirm current offerings with the business lending department.

Based on its approved SBA loans, Cambridge Savings Bank most often finances businesses in restaurants & food service, general retail, construction & contractors, medical practices & clinics, wholesale & distribution, and fitness & recreation. This reflects Cambridge Savings Bank's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Cambridge Savings Bank which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Cambridge Savings Bank participates in SBA Express depends on its specific SBA lending authority. Contact Cambridge Savings Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Cambridge Savings Bank can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Cambridge Savings Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Cambridge Savings Bank directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Cambridge Savings Bank what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Cambridge Savings Bank to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Cambridge Savings Bank to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Cambridge Savings Bank weighs this case by case under its own policy, so be upfront about your history and ask Cambridge Savings Bank how it evaluates prior bankruptcies.